Insider Selling: Texas Roadhouse (NASDAQ:TXRH) Director Sells $60,148.77 in Stock

Texas Roadhouse, Inc. (NASDAQ:TXRH) Director Jane Grote Abell sold 339 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $177.43, for a total value of $60,148.77. Following the completion of the sale, the director directly owned 2,161 shares in the company, valued at $383,426.23. This trade represents a 13.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Texas Roadhouse Stock Performance

TXRH opened at $178.05 on Friday. The firm has a market capitalization of $11.70 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 1.96 and a beta of 0.77. The stock’s 50 day moving average price is $166.93 and its two-hundred day moving average price is $173.01. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 12-month low of $153.82 and a 12-month high of $199.99.

Texas Roadhouse (NASDAQ:TXRH) last released its earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. On average, equities analysts forecast that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year.

Texas Roadhouse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 2nd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 1.7%. Texas Roadhouse’s dividend payout ratio (DPR) is 47.92%.

Analyst Ratings Changes

TXRH has been the topic of a number of research analyst reports. Mizuho raised their target price on Texas Roadhouse from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Truist Financial decreased their price objective on Texas Roadhouse from $188.00 to $186.00 and set a “hold” rating on the stock in a report on Friday, February 20th. Piper Sandler lifted their price objective on Texas Roadhouse from $190.00 to $192.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Texas Roadhouse from $182.00 to $188.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, Texas Roadhouse has an average rating of “Hold” and a consensus target price of $195.77.

Institutional Trading of Texas Roadhouse

Several institutional investors have recently modified their holdings of TXRH. NewEdge Advisors LLC grew its holdings in shares of Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after purchasing an additional 259 shares in the last quarter. Focus Partners Wealth boosted its stake in Texas Roadhouse by 23.3% in the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after buying an additional 1,157 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Texas Roadhouse by 36.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after buying an additional 111 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $657,000. Finally, Marshall Wace LLP acquired a new stake in Texas Roadhouse in the 2nd quarter valued at $1,936,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

About Texas Roadhouse

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.